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Safety Insurance Group (NAS:SAFT) Net Reserve Development From Prior Years (USD Mil)

: 13.95 (As of Sep. 2022)
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Net Reserve Development From Prior Years (USD Mil) is the difference between the final losses recorded by an insurer and what the insurer originally recorded.

Safety Insurance Group's Net Reserve Development From Prior Years (USD Mil) for the quarter that ended in Sep. 2022 was 13.95 , which lower from pervious quarter (Jun. 2022)'s result by 17.26%.

Safety Insurance Group's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2021 was 53.67 , which lower from pervious year (Dec. 2020)'s result by 2.14%.

The historical rank and industry rank for Safety Insurance Group's Net Reserve Development From Prior Years (USD Mil) or its related term are showing as below:


Safety Insurance Group (NAS:SAFT) Net Reserve Development From Prior Years (USD Mil) Historical Data

The historical data trend for Safety Insurance Group's Net Reserve Development From Prior Years (USD Mil) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Safety Insurance Group Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21
Net Reserve Development From Prior Years (USD Mil)
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Safety Insurance GroupQuarterly Data
Trend Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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Safety Insurance Group (NAS:SAFT) Net Reserve Development From Prior Years (USD Mil) Competitive Comparison

For the Insurance - Property & Casualty subindustry, Safety Insurance Group's Net Reserve Development From Prior Years (USD Mil), along with its competitors' market caps and Net Reserve Development From Prior Years (USD Mil) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Safety Insurance Group  (NAS:SAFT) Net Reserve Development From Prior Years (USD Mil) Explanation

Net Reserve Development From Prior Years (USD Mil) is the difference between the final losses recorded by an insurer and what the insurer originally recorded. Prior years’ loss reserve development is useful to the company's management team, as it allows them to assess the impact of incurred claims from previous calendar years on current period earnings.

Generally, lower Prior Years’ Reserve Development is better because it means a higher accuracy on predicting the loss on incurred claims.


Safety Insurance Group Net Reserve Development From Prior Years (USD Mil) Related Terms

Thank you for viewing the detailed overview of Safety Insurance Group's Net Reserve Development From Prior Years (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.


Safety Insurance Group (NAS:SAFT) Business Description

Safety Insurance Group logo
Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Safety Insurance Group Inc (NAS:SAFT) » Definitions » Net Reserve Development From Prior Years (USD Mil)
Traded in Other Exchanges
Address
20 Custom House Street, Boston, MA, USA, 02110
Safety Insurance Group Inc is a provider of private passenger automobile insurance in Massachusetts. The company also offers property and casualty insurance products, including commercial automobile, homeowners, dwelling fire, umbrella, and business owner policies. It operates in the business segment of Property and casualty insurance operations.
Executives
Farina John Daniel Jr. director 20 CUSTOM HOUSE ST BOSTON MA 02110
Gray Deborah E director 20 CUSTOM HOUSE STREET BOSTON MA 02110
Hiltpold Glenn officer: VP of Actuarial Services 20 CUSTOM HOUSE STREET BOSTON MA 02110
Moran Mary Coffey director DANVERS BANCORP, INC. ONE CONANT STREET DANVERS MA 01923
Whitford Christopher Thomas officer: VP, CFO and Secretary 20 CUSTOM HOUSE STREET BOSTON MA 02110
Srb Corp 10 percent owner 125 HIGH STREET OLIVER STREET TOWER, 9TH FLOOR BOSTON MA 02110
Palisades Safety & Insurance Association 10 percent owner C/O PLYMOUTH ROCK MANAGEMENT CO OF NJ 581 MAIN STREET, 4TH FLOOR WOODBRIDGE NJ 07095
Plymouth Rock Co Inc 10 percent owner 695 ATLANTIC AVENUE BOSTON MA 02111
Meehan Thalia director C/O SAFETY INSURANCE GROUP, INC. 20 CUSTOM HOUSE STREET BOSTON MA 02110
Drago John Patrick officer: VP - Marketing 20 CUSTOM HOUSE STREET BOSTON MA 02110
Mckeown Ann Marie officer: V.P Insurance Operations 20 CUSTOM HOUSE STREET BOSTON MA 02110
Varga Stephen Albert officer: VP - MIS 20 CUSTOM HOUSE STREET BOSTON MA 02110
Narciso Paul J officer: VP - Claims C/O SAFETY INSURANCE 20 CUSTOM HOUSE STREET BOSTON MA 02110
Murphy George officer: VP - Marketing C/O SAFETY INSURANCE GROUP, INC. 20 CUSTOM HOUSE STREET BOSTON MA 02110
Berry James officer: VP - Insurance Operations C/O SAFETY INSURANCE 20 CUSTOM HOUSE STREET BOSTON MA 02110
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